Bonanza Creek Energy Price Target Raised to $52.00 at Raymond James (BCEI)
Analysts at Raymond James raised their target price on shares of Bonanza Creek Energy (NASDAQ:BCEI) from $48.00 to $52.00 in a research report issued to clients and investors on Monday, Analyst RN reports. The firm currently has an “outperform” rating on the stock. Raymond James’ price target indicates a potential upside of 7.17% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Bonanza Creek Energy from a “neutral” rating to an “outperform” rating in a research note to investors on Monday. They now have a $51.10 price target on the stock. Separately, analysts at Topeka Capital Markets raised their price target on shares of Bonanza Creek Energy from $45.00 to $48.00 in a research note to investors on Tuesday, October 8th. They now have a “hold” rating on the stock. Finally, analysts at SunTrust raised their price target on shares of Bonanza Creek Energy from $50.00 to $58.00 in a research note to investors on Wednesday, October 2nd. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Bonanza Creek Energy currently has a consensus rating of “Buy” and an average price target of $47.12.
Bonanza Creek Energy (NASDAQ:BCEI) traded up 0.25% on Monday, hitting $48.52. 195,762 shares of the company’s stock traded hands. Bonanza Creek Energy has a one year low of $20.83 and a one year high of $51.32. The stock has a 50-day moving average of $45.54 and a 200-day moving average of $39.53. The company has a market cap of $1.955 billion and a price-to-earnings ratio of 45.79.
Bonanza Creek Energy (NASDAQ:BCEI) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.08. The company had revenue of $84.50 million for the quarter, compared to the consensus estimate of $87.46 million. Bonanza Creek Energy’s revenue was up 64.1% compared to the same quarter last year. On average, analysts predict that Bonanza Creek Energy will post $1.75 earnings per share for the current fiscal year.
Bonanza Creek Energy, Inc is an oil and natural gas company engaged in the acquisition, exploration, development and production of onshore oil and associated liquids-rich natural gas in the United States.
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